156 Atul Ltd | Annual Report 2022-23 Atul Ltd | Annual Report 2022-23 Atul Ltd Atul House G I Patel Marg Ahmedabad 380 014, Gujarat India Atul Ltd | Annual Report 2022-23 Reconnect | Reimagine | Regrow Corporate Overview Statutory Reports Financial Statements (` cr) Note 21 Revenue from operations 2022-23 2021-22 Sale of products 4,809.76 4,731.67 Sale of services1 191.78 196.86 Scrap sales 13.62 14.95 Processing charges - 8.35 Revenue from contracts with customers 5,015.16 4,951.83 Export incentives 46.62 40.92 5,061.78 4,992.75 1Includes ` 183.37 cr (2021-22: ` 188.52 cr) on account of freight and insurance in sale of goods on CIF, which are identified as separate performance obligation under Ind AS 115. Disaggregation of revenue from contracts with customers: (` cr) Particulars 2022-23 2021-22 Sale of goods | services Life Science Chemicals 1,476.67 1,447.02 Domestic 631.82 694.28 Export 844.85 752.74 Performance and Other Chemicals 3,822.04 3,709.11 Domestic 2,170.00 2,013.06 Export 1,652.04 1,696.05 Others 3.89 9.06 5,302.60 5,165.19 Inter-segment revenue 287.44 213.36 5,015.16 4,951.83 Reconciliation of revenue from contracts with customers recognised at contract price: (` cr) Particulars 2022-23 2021-22 Contract price 5,089.53 5,019.55 Adjustments for: Consideration payable to customers - discounts1 (83.20) (61.46) Contract price allocated to unsatisfied performance obligation for sale of services (net)2 8.83 (6.26) Revenue from contracts with customers 5,015.16 4,951.83 1Consideration payable to customers like discounts and price reductions offered to customers are estimated on specific identified basis and reduced from the contract price when the Company recognises revenue from the transfer of the related goods or services to the customer and the entity pays or promises to pay the consideration. 2Unsatisfied performance obligation for sale of services comprises revenue from insurance and freight services for exports in-progress as at March 31, 2023, of ` 7.54 cr, net of revenue recognised for such services for similar contracts in-progress as at March 31, 2022. for ` 16.37 cr. The revenue for exports in- progress as at March 31, 2023, will be recognised in 2023-24 upon completion of the exports.
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